historical US bond prices and implied interest rates
http://www.ltadvisors.net/Info/Highe...s/image007.gif
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historical US bond prices and implied interest rates
http://www.ltadvisors.net/Info/Highe...s/image007.gif
An explanation:
http://www.oftwominds.com/blogjun07/context3.html
^^^ and a very good explanation at that ! Thanks.
About the only thing that the author left out was the likely effects of a credit bubble collapse on the price of stocks, given the record levels of margin debt.